Vocabulary Mix
_____________ is the sum of the scores divided by the number of scores. AKA "the average".
What is mean?
.631 is the decimal version of _________ percent.
What is 63.1%?
___________ is the median of the following data:
20, 30, 110, 70, 80
What is 70?
_________ _________ is used by payroll to deposit funds directly into a customer's account.
What is direct deposit?
Everything you own (ex: car, house, bank accounts)
What are assets?
__________ is the number that occurs the most in a data set.
What is mode?
__________ is 42% of 350.
What is 147?
________ is the mean of the following data:
20, 30, 110, 80, 70
What is 62?
True or False: You must write something in the memo section of a check.
True
If you don't have enough money to buy an item, some stores offer ______________. This is when they hold the item aside for you and you make payments on it. You receive the item only after you have paid it in full.
What is layaway?
____________ expense is an expense that CANNOT be eliminated from a person's day to day life.
What is essential?
62 is ___________ percent of 214.
What is 28.97%?
___________ is another name for a "normal" curve in statistics.
What is "Bell"?
A _________ is the receiver of transferred funds.
What is a payee?
Macy is going to Macy's to buy a dress for Christmas. The dress is $845.39. She can't afford it so she does an installment plan with Macy's. Macy's requires a 15% down payment in order for her to take the dress. How much does Macy owe Macy's?
$126.81
ATM stands for this.
What is Automated Teller Machine?
You and your friends go out to eat at Chili's. Your total bill is $67.83. You want to tip 25% for good service. The sales tax in Florida is 6%. Find the final total of the bill.
$88.86
__________ is a piece of data that is extremely different then rest of the data.
What is "outlier"?
____________ ___________ is when a bank will cover a customer when the account has insufficient funds which usually includes additional fees.
What is Overdraft Protection?
The following is the rate per $1,000 for loans: 3.5 % loan for 3 years is $45.06.
What would the monthly payment be for someone who borrowed $5,000?
$225.30
EFT stands for this.
What is electronic funds transfer?
A shirt at Old Navy is on sale for 20% off. It costs $36.99. There is a 6% sales tax in Florida. Calculate the final cost of the shirt.
$31.37
Find the z score.
X = 115 mean = 95 standard deviation - 4
What is 5?
________________ is a type of checking account available for low income households. Fees and minimum balances are nonexistent.
Moana wants to purchase a new boat. She goes to the local loan shark to get a loan. The loan shark lends her $2,500 for 8 weeks, at which time Moana pays it back in full. The loan shark charge her $420 interest for the 8 weeks. What is the APR for this loan?
What is 109.5%?